Royal Ceramics Lanka Balance Sheet Health
Financial Health criteria checks 6/6
Royal Ceramics Lanka has a total shareholder equity of LKR60.1B and total debt of LKR18.5B, which brings its debt-to-equity ratio to 30.7%. Its total assets and total liabilities are LKR97.2B and LKR37.1B respectively. Royal Ceramics Lanka's EBIT is LKR12.8B making its interest coverage ratio 4.9. It has cash and short-term investments of LKR5.1B.
Key information
30.7%
Debt to equity ratio
LK₨18.47b
Debt
Interest coverage ratio | 4.9x |
Cash | LK₨5.09b |
Equity | LK₨60.06b |
Total liabilities | LK₨37.13b |
Total assets | LK₨97.20b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RCL.N0000's short term assets (LKR39.4B) exceed its short term liabilities (LKR22.3B).
Long Term Liabilities: RCL.N0000's short term assets (LKR39.4B) exceed its long term liabilities (LKR14.8B).
Debt to Equity History and Analysis
Debt Level: RCL.N0000's net debt to equity ratio (22.3%) is considered satisfactory.
Reducing Debt: RCL.N0000's debt to equity ratio has reduced from 57.7% to 30.7% over the past 5 years.
Debt Coverage: RCL.N0000's debt is well covered by operating cash flow (55.1%).
Interest Coverage: RCL.N0000's interest payments on its debt are well covered by EBIT (4.9x coverage).